WHEREAS, the Company wishes to engage BBAM and BBAM Ireland, collectively, as Servicers to provide certain administrative and management
services with respect to the Aircraft during the term of the Lease and each of BBAM and BBAM Ireland hereby accepts such appointment and agrees to provide such services, all in accordance with the terms hereof. 


NOW, THEREFORE, it is agreed as follows: 

  




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|   | 1. | Administration and Servicing Obligations.  |

 The Company hereby appoints BBAM and BBAM Ireland, collectively, to act as the exclusive servicer in respect of its interest in the Aircraft and the Lease and for the acquisition and disposition of the
Aircraft in accordance with the terms and provisions of this Agreement and for the purposes described herein. Pursuant to this appointment, BBAM and BBAM Ireland will perform the services listed in Schedule 1 to this Agreement (the
“Services”). 

  




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| --- | --- | --- |
|   | 2. | Compensation for Services.  |

 In consideration of the Servicers performing the Services, the Company shall pay a fee equal to 3.5% of the monthly rents (excluding maintenance reserves or other supplemental rent) actually collected
(including the application of a deposit for monthly rent owed) which fee shall be deemed fully earned upon receipt of any monthly rent (the “Servicing Fee”).